IMPACT OF THE BOARD ON FINANCIAL PROFITABILITY The Case of Tunisian companies

ABSTRACT The aim of this study is to assess the impact of the Board on the financial profitability of Tunisian companies. Our present research then tries to provide some answers to our question:"What is the impact of the Board on the financial profitability?. To answer this question, we examined a sample of 120 Tunisian companies. Our data is taken from the annual reports of each company, the records of the Tunis Stock Exchange and documents of the Financial Market Council. Our results reject the presence of a significantly positive impact of board size on financial profitability. However, we found that profitability resulted from the good governance system of Tunisian companies. This finding is strong and essential, since we believe that good governance is to guarantee a social equilibrium through rapid growth.